Indonesia: Showing its strength globally

Indonesia is the world’s 11th biggest grocery market by revenue, ahead of Spain but behind Italy. BRICs occupy all but the second position and third that is held by US and Japan in the top six. By 2015, the BRICs (Brazil, Russia, India and China) will have pushed Japan out of the top five slots, leaving America as the only remaining rich country in the top five.

David Cameron, the UK’s PM, announced a £326m deal to sell 11 Airbus A330 aircraft to airline Garuda Indonesia when he was in Indonesia in Indonesia on his trade tour of East and South East Asia.

In February, Lion Air confirmed a deal, announced last year, to buy 230 Boeing planes worth US$22.4bn.The order is the biggest in Boeing’s history

The Indonesian airline in February also placed an order for 27 ATR aircraft for its regional subsidiary Wings Air, in a plan to service the country’s smaller airports.The deal, valued at US$610m, would make Wings Air one of the largest operators of such aircraft. One of the big contributors to Indonesian air travel growth is likely to be travel between smaller cities and airports in the country’s various islands. And increased spending by authorities in infrastructure development would also help boost demand.